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Construction Tech Review | Monday, September 23, 2024
Smart buildings have an incredible ability to link people with technology. Smart building technology will help with facility management and provide vital information about how buildings are used and enjoyed. Energy efficiency, environmental sustainability, and workforce management initiatives will all benefit.
Fremont, CA: The Internet of Things (IoT) can use low-cost wireless devices to monitor and control crucial systems in an existing structure. Retrofit IoT solutions are less expensive than establishing or upgrading an existing Building Automation System (BAS).
Significantly, IoT has the potential to solve real-world issues. It offers actual solutions that your organization needs rather than just technology for the sake of technology.
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Here are two intelligent building trends:
Artificial Intelligence (AI) and Big Data
IoT allows artificial intelligence and big data. Inexpensive wireless sensors collect enormous volumes of real-time data for processing. Data has never been the purpose of the Internet of Things. Instead, one of the most appealing aspects of IoT is the ability to generate actionable analytics from IoT data.
AI can provide game-changing analytics through Machine Learning, Anomaly Detection, Fault Detection and Diagnostics (FDD), Predictive Maintenance, and other techniques. For example, any or all of these AI disciplines may be applied to provide insights into the current and future performance of important HVAC assets in a building. The possibility of catastrophic failure might have far-reaching implications beyond energy efficiency. Emergency repair charges and landlord reputation costs would far surpass fluctuations in the monthly power bill.
Building owners, facilities managers, engineers, service providers, and tenants may profit from AI-generated insights. However, AI needs data. Without abundant IoT data, AI application engines would hunger and fail to perform to their full potential. Artificial intelligence will play an increasingly important role in intelligent buildings. Indeed, AI may be the key to achieving peak IoT.
Asset Digitalization
Asset digitization transforms CRE as it catches up with the rest of the market economy. The secrecy surrounding prior CRE activities cannot continue.
IoT enables asset digitalization at either the building or individual asset levels. Take, for instance, Asset Condition Monitoring (ACM). Most firms have little visibility into essential HVAC equipment, including chillers, cooling towers, and RTUs. They may have a general idea of monthly power use, but they need to learn the equipment's current functioning state. This appears tough to understand for key equipment that utilizes the most power and water in a facility.
IoT may collect granular data from the building's essential HVAC assets, such as supply/return temperatures, fan speeds, vibration, flow rates, compressor run durations, total energy usage, etc. These metrics may be gathered in real-time to provide valuable operational insights (AI). Most importantly, IoT links you to essential assets in a facility. When used throughout the whole facility, IoT provides asset digitalization.
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